Carbon nanotube-dispersed bismuth telluride matrix (CNT/Bi2Te3) nanopowders were synthesized by chem- ical routes followed by a ball-milling process. The microstructures of the synthesized CNT/Bi2Te3 nanopowders showed the characteristic microstructure of CNTs dispersed among disc-shaped Bi2Te3 nanopowders with as an average size of 500 nm in-plane and a few tens of nm in thickness. The prepared nanopowders were sintered into composites with a homogeneous dispersion of CNTs in a Bi2Te3 matrix. The dimensionless figure-of-merit of the composite showed an enhanced value compared to that of pure Bi2Te3 at the room temperature due to the reduced thermal conductivity and increased electrical conductivity with the addition of CNTs.